FinTech Global (member.fintech.global), who compile the list, identified more than 1000 service providers from the regulatory technology universe as potential contenders for the 2021 edition of the RegTech 100 list. The best 100 firms were then determined by a panel of FinTech Global analysts and industry experts. Companies on the list are considered to be the most innovative service providers that help their clients best deal with the regulatory pressures of operating in the financial services sector.
Companies are awarded a place on the list based on several factors, including the significance of the problems they solve for their clients, how innovative the firm’s technology is and the potential cost-saving/positive impact on the value chain for the RegTech company’s clients. Also, Finologee is Luxembourg’s sole representative on this year’s RegTech 100 list and is honoured to demonstrate the country’s excellence in the area.
‘We are delighted to be featured on this year’s RegTech 100 list. We see it as our role to help our user base to solve the difficult compliance challenges they face on a daily basis – especially as compliance and regulations become increasingly convoluted. Using our platforms and products, we help our clients meet their regulatory challenges, to provide an easier, faster and more modern experience to their own clientele as well as to improve processes and remove the need for significant manual administration. It is this objective which is at the centre of everything the Finologee team sets out to do,’ says Raoul Mulheims, Finologee’s Co-Founder and CEO.